Predetermined overhead rate lo p3 at the beginning of a year, a company predicts total direct materials costs of $920,000 and total overhead costs of $1,330,000. if the company uses direct materials costs as its activity base to allocate overhead, what is the predetermined overhead rate it should use during the year?

Casey communications recently issued new common stock and used the proceeds to pay off some of its short-term notes payable. this action had no effect on the company's total assets or operating income. which of the following effects would occur as a result of this action? a. the company's current ratio increased.b. the company's times interest earned ratio decreased.c. the company's basic earning power ratio increased.d. the company's equity multiplier increased.e. the company's debt ratio increased.